The rates of petrol and diesel have been considerably steady in Odisha and other parts of the country. Fuel prices, especially of petrol and diesel, are very sensitive to global crude prices. Prices of the petroleum products have now been aligned to market rates.
This means fuel price will rise each time, global crude prices rise and the rupee falls against the dollar. As per August 13 updates, petrol is being sold at Rs 103.47 and Rs 103.78 in Bhubaneswar and Cuttack respectively. On Saturday, while diesel price in Bhubaneswar is Rs 95.03, in Cuttack the fuel's rate is Rs 95.33.
Petrol price at Angul remained the same Rs 104.79 on Saturday while in Balasore, it is sold at Rs 103.57. Petrol price in Bargarh is Rs 103.85. It is sold at Rs 103.07 in Bhadrak, Rs 105.02 in Bolangir, Rs 103.98 in Dhenkanal, Rs 103.77 in Jajpur, Rs 104.08 in Keonjhar and Rs 103.11 in Puri.
Similarly, Diesel is being sold at Rs 96.32 in Angul, at Rs 95.41 in Bargarh, at Rs 95.31 in Bhadrak, Rs 95.52 in Dhenkanal, Rs 95.29 in Jajpur, Rs 95.63 in Keonjhar, Rs 99.41 in Koraput and Rs 100.56 in Malkangiri.
However, reviewing the windfall gains tax, the government slashed cess on crude oil late on Thursday, bringing it down from Rs 17,750 per tonne to Rs 13,000 per tonne.
According to a Finance Ministry notification, export duty on aviation turbine fuel (ATF) has been hiked to Rs 2 per litre from zero.
At the same time, a Rs 2 hike was effected on export duty on diesel to Rs 7 per litre from Rs 5 per litre.
All these changes will come into effect from August 19.
During the earlier review conducted a fortnight ago, export duties on jet fuel and petrol were scrapped by the government.
(With agency inputs)